FinVolution Group (NYSE:FINV) Sees Significant Increase in Short Interest

FinVolution Group (NYSE:FINV) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totalling 1,940,000 shares, a growth of 12.8% from the December 15th total of 1,720,000 shares. Currently, 1.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 645,000 shares, the short-interest ratio is presently 3.0 days.

Institutional Investors Weigh In On FinVolution Group

A number of institutional investors and hedge funds have recently bought and sold shares of FINV. State Street Corp grew its holdings in shares of FinVolution Group by 8.3% in the 3rd quarter. State Street Corp now owns 3,496,614 shares of the company’s stock worth $21,609,000 after acquiring an additional 268,843 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in FinVolution Group by 16.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,242,306 shares of the company’s stock worth $10,689,000 after purchasing an additional 315,366 shares in the last quarter. American Century Companies Inc. increased its stake in FinVolution Group by 5.9% in the 2nd quarter. American Century Companies Inc. now owns 699,574 shares of the company’s stock worth $3,337,000 after purchasing an additional 39,252 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in FinVolution Group by 51.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 495,788 shares of the company’s stock worth $3,064,000 after buying an additional 169,344 shares during the period. Finally, Walleye Capital LLC lifted its stake in FinVolution Group by 134.4% during the third quarter. Walleye Capital LLC now owns 476,294 shares of the company’s stock valued at $2,943,000 after buying an additional 273,055 shares in the last quarter. 31.15% of the stock is owned by institutional investors and hedge funds.

FinVolution Group Price Performance

Shares of FinVolution Group stock traded up $0.06 on Friday, hitting $7.04. The company had a trading volume of 681,821 shares, compared to its average volume of 500,275. FinVolution Group has a 52 week low of $4.45 and a 52 week high of $7.29. The company has a market cap of $1.87 billion, a PE ratio of 6.06 and a beta of 0.50. The business has a 50-day simple moving average of $6.67 and a 200-day simple moving average of $5.97.

About FinVolution Group

FinVolution Group operates in the online consumer finance industry. The company operates a fintech platform that is empowered by borrowers with financial institutions. It operates in China and internationally. The company was formerly known as PPDAI Group Inc and changed its name to FinVolution Group in November 2019.